For good internal control, which of the following duties can be performed by the same individual? Explain

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For good internal control, which of the following duties can be performed by the same individual? Explain your answer.

1. Approve changes to customer credit limits

2. Sales order entry

3. Shipping merchandise

4. Billing customers

5. Depositing customer payments

6. Maintaining accounts receivable

7. Issuing credit memos

8. Reconciling the organization’s bank accounts

9. Checking inventory availability

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Accounting Information Systems

ISBN: 978-0133428537

13th edition

Authors: Marshall B. Romney, Paul J. Steinbart

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Question Posted: Dec 19, 2014 12:24 PM

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For good internal control, which of the following duties can be performed by the same individual? Explain

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Cells with an X indicate duties that can be performed by the same individual For sound internal cont...View the full answer

Accounting Information Systems

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